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TechFlow reports, according to official data as of August 1, Circle issued approximately $2.4 billion in USDC over the past week, redeemed approximately $3.3 billion, resulting in a net decrease of about $900 million in circulation. The total circulating supply of USDC stands at $32.9 billion, with reserves totaling approximately $33 billion, including $3.4 billion in cash and $29.6 billion held by the Circle Reserve Fund.
According to official data, as of August 1, Circle issued approximately $2.4 billion in USDC over the past week, redeemed about $3.3 billion, resulting in a net decrease of around 900 million USDC in circulation. The total circulating supply of USDC stands at $32.9 billion, with reserves totaling approximately $33 billion, including $3.4 billion in cash and $29.6 billion held in the Circle Reserve Fund.
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